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by ethagnawl 38 days ago
His pension is based on that figure and he _may_ get to retire after ~27 years.

From https://isp.illinois.gov/JoinIsp/BecomeATrooper:

Officers may retire from the ISP with pension benefits under the following plans: Tier 1 This information applies to individuals who became a member of SERS or a reciprocal system on or before December 31, 2010. The alternative formula applies to members in certain positions with 20 years of alternative service. Members eligible for the alternative formula may retire at age 50 with 25 years of service, or at age 55 with 20 years of service.

Tier 2 This information applies to individuals who became a member of SERS or a reciprocal system after December 31, 2010. The alternative formula applies to members in certain positions with 20 years of alternative service. Members eligible for the alternative formula may retire at age 55 with 20 years of service.

A maximum retirement benefit of 80% of ending salary is earned after 26 years and 8 months of creditable service.

1 comments

It is not just troopers, it's a lot of IL state employees. Pay being ballooned in the final few years of service is just one of the many reasons the Illinois pension system is in crisis.
My grandpa retired as an IL police officer in his 50s and lived for 30+ more years making 6 figures from his pension and getting 3% or 5% (I forgot) adjustments every year. He probably had the most chill retirement of anybody I've ever known (outside of getting cancer twice). He was making six figures a year living on a lake near Dixon, you do not need six figures in Dixon lol